Active
1317 & 1321 CITIZENS BLVD
LEESBURG FL, 34748
$2,355,000
$168.24 per sqft
Active
13,998 sqft
Commercial
Built in 1978
Income 7.75% CAP Rate - 100% Leased with great long term tenants / rental history. 2 Buildings & one great opportunity! Buildings have separate addresses and property ID's, but parcels adjoin. Bldg #1317 is 6,052+/- SF on 1.44+/- Acre and entirely occupied by Lassiter Ware's corporate headquarters, a strong regional credit tenant with an excellent, long rental history. Bldg # 1321 is 7,946+/- SF on .84+/- Acre and is occupied by 4 tenants also with excellent rental history's. Both properties are very attractive inside and out with meticulous maintenance. Great parking for both sites with easy access, monument signage and high visibility. Sites sit on Citizens Blvd which is a short connector road between US Hwy 27 with 21,500 FDOT avg trips per day and US Hwy 441 with 30,500 FDOT avg trips per day. An NDA will be required for all financial data and leases. This is a great 1031 Opportunity. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. Easy to shown by appointment only. Do not disturb tenants. Properties are located just over an hour to Orlando or Ocala and a short drive to The Villages, I-75, and Florida's Turnpike.
G5074864
MLSⓇ ID
October 26, 2023
Listed
October 10, 2024
Updated
Map
1317 & 1321 CITIZENS BLVD
LEESBURG FL, 34748
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Zoned
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.29 Acres
Lot Features
City Limits
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
34748 - Leesburg
Taxes
$8,959
Tax Frequency
Annually
Days on Market
295
Association Fee Frequency
Monthly
Garage
No
View
No
County
Lake
Municipality
19
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/11/2024 | Active | — |
5/2/2024 | Pending | — |
3/19/2024 | Price change | $2,355,000 -9% |
1/4/2024 | Price change | $2,575,000 -6% |
Listed by GRIZZARD COMMERCIAL REALESTATE
Listing Contact: 352-787-6966
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Data last updated 10/10/2024, 3:13 AM UTC